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Indonesia: Latest Economic Policy Package to be Announced before August 17

TEMPO.CO, Jakarta – The government will announce the latest economic policy package before August 17, said the Coordinating Minister for Economic Affairs Darmin Nasution. “Therefore, in two weeks’ time, the government will issue a major deregulation package that would substantially change investment permit process. [An announcement will be made] before August 17,” Darmin said in Jakarta today, August 1. According […]

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Thailand 4.0 drafter lays out blueprint

Suvit Maesincee, the Prime Minister’s Office Minister, is one of the key architects of the much-touted Thailand 4.0 scheme — the country’s national strategy focused on added-value, high technology and innovation. He also plays a key role in implementing ongoing socio-economic reforms. Mr Suvit recently sat down with the Bangkok Post to talk about the latest developments […]

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Thailand: 2% sin tax hike to shore up safety net

The elderly poor are in line for a bigger monthly allowance after the cabinet approved a draft bill letting the government charge higher sin taxes.  Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, said the cabinet yesterday agreed to raise the excise tax on liquor, beer and cigarettes by 2% to support the monthly living […]

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Indonesia: Minister Predicts 2017 Inflation at 4 Percent

TEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution predicted that the inflation rate will reach four percent by the end of 2017. However, he said that the government will attempt to suppress it below four percent. “I expect it will be 4 percent. But we will do our best to keep it lower,” said Minister Darmin on Tuesday, August 1. In July 2017, the Central Statistics Agency (BPS) recorded that the consumer price index experienced […]

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